Fluoropolymer Market: By Type, Polychlorotrifluoroethylene, Polyethylenetetrafluoroethylene, Polytetrafluoroethylene, Polyvinylfluoride, Polyvinylidene Fluoride and Other Types), By End User and Region Forecast 2019-2030
Fluoropolymer Market size was valued at US$ 7,235 million in 2023 and poised to grow at significant CAGR of 8.3% from 2024-2030. Factors such as growing demand for fluoropolymer from the commercial construction industry, superior properties of fluoropolymers, increasing demand from various end user industries, rising popularity for the product and rise in investments for light weight vehicles are some factors influencing the market growth. The research analyses the influence of COVID-19 on the rubber, plastics, automotive, and construction industries in general, as well as Fluoropolymer in particular, by tracking global sales of Fluoropolymer in 20+ high-growth markets. However, high price of fluoropolymer and stringent framework to manufacture and use of fluoropolymers are hampering the market growth.
A fluoropolymer is a chemical molecule that contains carbon fluoride linkages. Chemical resistance, electrical and mechanical insulation, heat resistance, stress cracking, and other qualities are among them. Fluoropolymers, from coatings to industrial films, benefit from these qualities in a variety of applications. It's also used in the home, construction, and electrical and electronics. The surge in demand from the end-use application sectors is driving the global market expansion. Fluoropolymers have a number of advantageous features. They have good dielectric properties, are highly lubricating, and biocompatible.
Study Period
2024-2030Base Year
2023CAGR
8.3%Largest Market
Asia-PacificFastest Growing Market
North America
Fluoropolymer are the best solution for an increasing number of industries such as electronic, machine, automotive and semiconductors. Fluoropolymers possess outstanding properties such as outstanding chemical resistance, weather stability, low surface energy, low coefficient of friction, and low dielectric constant. These properties come from the special electronic structure of the fluorine atom, the stable carbon-fluorine covalent bonding, and the unique intramolecular and intermolecular interactions between the fluorinated polymer segments and the main chains. Because of these properties, the fluoropolymers are highly used in various applications, right from coatings to the industrial films. Furthermore, it is also utilized in various household applications, electrical & electronics, construction sectors, and others. Hence, increasing demand for fluoropolymer from various industries is fueling the market growth
Asia Pacific accounted for larger revenue share in the market with considerable CAGR. The growth in this region can be attributed to emerging automotive, packaging, electrical and electronics industries. Booming construction industry in developing countries like China is the other factor responsible for market growth. Also, North America held significant market share during predicted period due to the increasing pharmaceutical industry and growing packaging industry.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 7,235 million |
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Market CAGR |
8.3% |
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By Type |
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By End User |
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By Region |
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The global fluoropolymer market size was valued at US$ 7,235 million in 2023 and is projected to grow at a CAGR of 8.3% from 2024 to 2030.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
3M Company, Agc Inc, Arkema S, Daikin Industries, Ltd, Dongyue Group Co, Dupont, Honeywell International Inc, Mitsubishi Chemical Corporation, Sabic
| 1.Executive Summary |
| 2.Global Fluoropolymer Market Introduction |
| 2.1.Global Fluoropolymer Market - Taxonomy |
| 2.2.Global Fluoropolymer Market - Definitions |
| 2.2.1.Type |
| 2.2.2.End User |
| 2.2.3.Region |
| 3.Global Fluoropolymer Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Fluoropolymer Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Fluoropolymer Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Fluorinated Ethylene-Propylene (FEP) |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Polychlorotrifluoroethylene (PCTFE) |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Polyethylenetetrafluoroethylene (ETFE) |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Polytetrafluoroethylene (PTFE) |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Polyvinylfluoride (PVF) |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Polyvinylidene Fluoride (PVDF) |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Other Types |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6.Global Fluoropolymer Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Personal Care |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Packaging |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Electrical and Electronics |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Construction |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Automotive |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Other End User Industries |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Fluoropolymer Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Fluoropolymer Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Fluorinated Ethylene-Propylene (FEP) |
| 8.1.2.Polychlorotrifluoroethylene (PCTFE) |
| 8.1.3.Polyethylenetetrafluoroethylene (ETFE) |
| 8.1.4.Polytetrafluoroethylene (PTFE) |
| 8.1.5.Polyvinylfluoride (PVF) |
| 8.1.6.Polyvinylidene Fluoride (PVDF) |
| 8.1.7.Other Types |
| 8.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Personal Care |
| 8.2.2.Packaging |
| 8.2.3.Electrical and Electronics |
| 8.2.4.Construction |
| 8.2.5.Automotive |
| 8.2.6.Other End User Industries |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Fluoropolymer Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Fluorinated Ethylene-Propylene (FEP) |
| 9.1.2.Polychlorotrifluoroethylene (PCTFE) |
| 9.1.3.Polyethylenetetrafluoroethylene (ETFE) |
| 9.1.4.Polytetrafluoroethylene (PTFE) |
| 9.1.5.Polyvinylfluoride (PVF) |
| 9.1.6.Polyvinylidene Fluoride (PVDF) |
| 9.1.7.Other Types |
| 9.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Personal Care |
| 9.2.2.Packaging |
| 9.2.3.Electrical and Electronics |
| 9.2.4.Construction |
| 9.2.5.Automotive |
| 9.2.6.Other End User Industries |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10.Asia Pacific (APAC) Fluoropolymer Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Fluorinated Ethylene-Propylene (FEP) |
| 10.1.2.Polychlorotrifluoroethylene (PCTFE) |
| 10.1.3.Polyethylenetetrafluoroethylene (ETFE) |
| 10.1.4.Polytetrafluoroethylene (PTFE) |
| 10.1.5.Polyvinylfluoride (PVF) |
| 10.1.6.Polyvinylidene Fluoride (PVDF) |
| 10.1.7.Other Types |
| 10.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Personal Care |
| 10.2.2.Packaging |
| 10.2.3.Electrical and Electronics |
| 10.2.4.Construction |
| 10.2.5.Automotive |
| 10.2.6.Other End User Industries |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Fluoropolymer Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Fluorinated Ethylene-Propylene (FEP) |
| 11.1.2.Polychlorotrifluoroethylene (PCTFE) |
| 11.1.3.Polyethylenetetrafluoroethylene (ETFE) |
| 11.1.4.Polytetrafluoroethylene (PTFE) |
| 11.1.5.Polyvinylfluoride (PVF) |
| 11.1.6.Polyvinylidene Fluoride (PVDF) |
| 11.1.7.Other Types |
| 11.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Personal Care |
| 11.2.2.Packaging |
| 11.2.3.Electrical and Electronics |
| 11.2.4.Construction |
| 11.2.5.Automotive |
| 11.2.6.Other End User Industries |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Fluoropolymer Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Fluorinated Ethylene-Propylene (FEP) |
| 12.1.2.Polychlorotrifluoroethylene (PCTFE) |
| 12.1.3.Polyethylenetetrafluoroethylene (ETFE) |
| 12.1.4.Polytetrafluoroethylene (PTFE) |
| 12.1.5.Polyvinylfluoride (PVF) |
| 12.1.6.Polyvinylidene Fluoride (PVDF) |
| 12.1.7.Other Types |
| 12.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Personal Care |
| 12.2.2.Packaging |
| 12.2.3.Electrical and Electronics |
| 12.2.4.Construction |
| 12.2.5.Automotive |
| 12.2.6.Other End User Industries |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.3M Company |
| 13.2.2.Agc Inc |
| 13.2.3.Arkema S |
| 13.2.4.Daikin Industries, Ltd |
| 13.2.5.Dongyue Group Co |
| 13.2.6.Dupont |
| 13.2.7.Honeywell International Inc |
| 13.2.8.Mitsubishi Chemical Corporation |
| 13.2.9.Sabic |
| 13.2.10.Saint Gobain |
| 13.2.11.Shin-Etsu Chemical Co |
| 13.2.12.Solvay Sa |
| 13.2.13.The Chemours Company |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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